SBA Providing Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)

The SBA is working directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA?s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.?Small business owners in many states are now eligible to apply.?

Apply for disaster assistance?

SBA Administrator Jovita Carranza on?

Updated Criteria for States Requesting Disaster Assistance Loans

We?re very encouraged that banks and financial institutions are responding to the President?s efforts to mobilize an unprecedented public-private response to the Coronavirus (COVID-19) outbreak. As a result, most small businesses that need credit during these uncertain times will be able to obtain it. However, our goal is to ensure that credit is available to any and all small businesses that need credit but are unable to access it on reasonable terms through traditional lending channels.

To that end, the SBA is relaxing the criteria through which states or territories may formally request an economic injury declaration, effective immediately.?

Read the full press release

Explore CDC Guidance to Protect Your Business and Employees

The Centers for Disease Control and Prevention (CDC) offers the most up-to-date information on COVID-19.

?The following interim guidance may help prevent workplace exposures to acute respiratory illnesses, including COVID-19, in non-healthcare settings:?

• Actively encourage sick employees to stay home
• Separate sick employees
• Emphasize staying home when sick, respiratory etiquette and hand hygiene by all employees
• Perform routine environmental cleaning?

More interim guidance for businesses and employers?

Get Free Local Business Assistance?

Times are tough for small businesses but SBA is here to help no matter where you are.?

SBA's District Offices and Resource Partners like SCORE offices, Women?s Business Centers, Small Business Development Centers and Veterans Business Outreach Centers have?trained experts who can help you craft a plan specific to your situation and navigate rapid changes in the marketplace.

Find Local Business Assistance near you

Explore Capital Access Options

Incidents can strain a small business's financial capacity to make payroll, maintain inventory and respond to market fluctuations (both sudden drops and surges in demand).

SBA provides a number of loan resources for small businesses to find the right capital access options so they have what they need when they need it.

Learn more about SBA loan programs and connect with an SBA-approved lender?

Get Exporting Assistance?

SBA provides export loans to help small businesses achieve sales through exports and can help these businesses respond to opportunities and challenges associated with trade, such as COVID-19.

The loans are available to U.S. small businesses that export directly overseas, or those that export indirectly by selling to a customer that then exports their products.

Learn more about how SBA can help you with exporting

Find Help with Government Contracting?

SBA is focused on assisting with the continuity of operations for small business contracting programs and small businesses with federal contracts.

These includes small businesses in the 8(a) Business Development program, HUBZone program, and Women-owned Small Business program, and others.

Learn more about government contracting?